The importance of implementing robust due diligence procedures, incorporating all aspects of your business, cannot be underestimated as key risk mitigation.
Prompted by the recent spate of container ship fires, TT Club has stressed the greater need for all players in the global supply chain to recognise their responsibility for accurate and effective communication between all parties for the transport of dangerous goods
When you rush, the risk increases. Even if it’s only a one-off transaction there may be something you find that requires further action to mitigate the risk.
A joint compliance note, issued on 11 December 2023 by five US agencies (thus known as the Quint-Seal Compliance Note) encouraged stakeholders to “Know Your Cargo”,
With business transactions and communication handled almost exclusively online in today’s fast-paced digital environment, there is an increased risk of fraud, making due diligence more critical than ever. This document looks at the most common methods of payment fraud in the global supply chain and the preventative measures you can take to mitigate the risk.
TT Club is committed to supporting it's Members as they work towards bettering their operations in relation to environmental, societal and governance concerns.
The importance of implementing robust due diligence procedures, incorporating all aspects of your business, cannot be underestimated as key risk mitigation. If something appears too good to be true, then it probably is.
